08/13/08 Weekly Re-Lay Alert:
   "The Dollar Index is in the midst of the most likely week for a peak - based on the weekly trend pattern (in the Euro), the weekly LHR indicator and geometric cycles.  However, it needs a daily close below 75.69/DXU to give even the first sign of a short-term peak.  Until that occurs, the short and intermediate trends remain up.

   The Euro needs a weekly close below 1.4968/ECU to reverse its weekly trend to down and to confirm analysis for a 3-6 month peak in July.  As a result, the Euro could stretch its current decline into week-end before a reactionary bounce takes hold.  It will not show any signs of near-term strength until a daily close above 1.5057/ECU.

   The Yen gave a rally to weekly resistance and the low of the month-opening range... and quickly reversed back down.  It, too, has the potential to extend this decline into the end of the week (and middle of the month) before a low becomes more likely.

8/09/08 Weekly Re-Lay:
   "Gold & Silver have given the strongest reinforcement to analysis for a 'C' wave decline (that is targeted for 775--795.5/GC & 1339.5--1363.0/SI)... If this decline equals the duration of the 'A' wave decline, it could see a bottom as soon as August 29th.  However, longer-term cycles would allow for this decline to stretch into October (with the 'C' wave potentially doubling the duration of the 'A' wave decline).

   If this is going to be the case, it would not be surprising to see Gold & Silver bottom by mid-month and then rebound for 1-2 weeks.  This is mildly corroborated by the fact that Silver is entering the week of the 1-year anniversary (360 degrees) from its mid-August 2007 low.

   From a price perspective, this decline could also extend down to yearly support and the most important level of 'resistance turned into support' (the May 2006 peak), which combine at 714--732.0/GC... 1239--1274.5/SI is yearly support for Silver..."

08/06/08 Weekly Re-Lay Alert:
   "...Stock Indices are a perfect example, having attacked intermediate downside targets (and 1-2 year support levels) in July and quickly reversing higher.  Even before this low was intact, it was projected to lead to a subsequent rebound from mid-July into September 8--19th... which remains the case.

   The first stage of this rally is capable of extending into August 18/19th... From a price perspective, this rally should take the DJIA back up to 12,000--12,100 in the near-term... One possible scenario, given the Aug. 12th cycle, is that the DJIA could rally to 11,738--11,847 in the coming days and then pull back.  This would then usher in a potential rally to 12,000--12,100/DJIA, leading into August 18/19th."

07/19/08 Weekly Re-Lay:
   "...The DJIA has completed a full circle/cycle from 2 years ago, retracing nearly 100% of the 12-15 month advance (beginning in July 2006)... the DJIA has given strong validation and reinforcement to ongoing analysis for a 2-3 year, 35-50% decline from late-2007 into early-2010.

   ...On a 1-2 week basis, 11,100--11,150/DJIA should now be viewed as a crucial level of support.  11,100/DJIA is now the weekly 2nd Close Support level... The daily trend has turned up in the DJIA and neutral (from down) in the SPU... the fact the DJIA & NQU gave weekly 2 Close Reversals higher indicates that an overall advance could stretch into August."

07/19/08 Weekly Re-Lay:
   "The Dollar & Euro may be showing signs of a reversal... the intra-week action of this past week AND the resulting action of the weekly trend is showing that an intermediate low could have been set this past week (which would be within the + or - 1 week normal range of error for cycles of this magnitude).

   The Dollar Index spiked down to weekly AND monthly support and produced a midweek low & an intra-week V Reversal higher, when the dust had cleared.  It also generated the 2nd neutral signal to the weekly uptrend.  This identifies the coming week as the most likely for a reversal higher... with or without a spike low.  The fact it was able to give a weekly key reversal higher (while the Euro did the opposite and the Yen gave a weekly 2 Close Reversal lower) also hints that a low could be intact...

   The Euro - as just mentioned - spiked to a new high and gave a weekly key reversal lower.  It would need to close below 1.5639/ECU - on Friday, July 25th - to escalate this to a weekly 2 Close Reversal lower and to signal that an intermediate peak is in place...

   The Yen did reach its first upside target - and key resistance - at .9611--.9630/JYU (where a 1/1 wave relationship, the weekly LHR, the weekly 8 Low MARC and the weekly 21 Low AMAC converged) and reversed lower.  By giving 2 neutral signals to its weekly downtrend and then creating a weekly 2 Close Reversal lower, the Yen is signaling a new wave down.

   ...1--4 week traders should have been long Sept. Yen futures - from an avg. entry around .9328/JYU - and should have exited 1/2 at .9603/JYU, w/avg. gains of about $3,450/ contract.  The other 1/2 should have been exited at .9489 w/avg. gains of about $2,000/contract, resulting in an overall avg. gain - for the entire position - of about $2,725/contract.  FUTURES TRADING INVOLVES SUBSTANTIAL RISK.  SEE HYPOTHETICAL TRADING DISCLAIMER."

07/15/08 Weekly Re-Lay Alert:
   "...the most important level on the downside remains 10,572--10,683/ DJIA, which incorporates multiple Elliott Wave objectives and retracement levels, 6-12 month support and July's monthly support.  As also explained, it represents the potential midpoint of an overall 2-3 year bear market.  If this is the case, it would be normal for it to represent support now - and for the next 3-6 months - and then resistance later (once the market has broken below it).

   ...keep in mind that the DJIA has tested the related monthly & weekly close support levels... so a bottom could come at any point between now and 10,572."

06/14/08 Weekly Re-Lay:
   "The DJIA & S+P are still expected to move progressively lower into late-June/early-July... The SPU reversed its weekly trend to down, joining the DJIA in this action  This indicates that further downside is likely, reinforcing the ongoing analysis for a decline into the 22-23-week/5-month low-low-low-low Cycle Progression (March 2007 low--August 2007 low--January 2008--June/July 2008 low) in the coming weeks."

05/24/08 Weekly Re-Lay:
   "Stock indices are signaling that they have entered a (minimum) 2-3 week correction and that they are on track for a (minimum) drop below 12,300/DJIA... All three indices remain below their early-2008 peaks and were able to generate weekly (outside-week) 2 Close Reversal sell signals... a 22-23-week/5-month cycle, which has separated and distinguished the most recent 3 lows (of at least 4 months in duration)... in March 2007, August 2007 & January 2008.  Its next occurrence is in late-June/early-July (which is also the 2-year anniversary of the June/July 2006 lows) and - based on the fact the two recent phases were descending lows - is more likely to be a low again."